Hi all -- I've identified a piece of property that I would like to develop into mostly residential homes, with some townhomes/multifamily.

I’ve lived in my current single family home since 2020.

Is it legal to offer to rent the property back to the homeowner who already lost their home to foreclosure when negotiating the redemption rights purchase? 

We have a home that we are almost done remodeling that we would like to try the mid term strategy to increase our cash flow vs long term.

Further enhancements included constructing a back deck and repainting the interior to modernize and enhance the home’s appeal.

There are alot of cool prefab or modular homes coming onto the market.

I have yet to complete a walk-through of the property and see what renovations may be needed (potential for HVAC and interior, but from my understanding the roof and windows were replaced within the last 7-8 years).

I could have fully rehabbed that home and sold for $175K but instead I sold as a fixer upper (only needed cosmetics).

A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?